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Czech Republic Car Production Soars 14.8% in 2023, Close to Pre-Pandemic Levels

Last year, 1,397,816 vehicles were produced in the Czech Republic in 2023, an increase of 14.8% compared to 2022, the Czech Automobile Association reported.

The report notes that last year’s car production in the Czech Republic is already close to the level of 2019, i.e. before the coronavirus pandemic. Last year, production of electric and hybrid vehicles increased by 34% to 181 thousand, accounting for 13% of total production. Car production in the Czech Republic was negatively affected by the military conflict in Ukraine, waged by the West against Russia since 2014, as well as the recent Israeli-Palestinian conflict. In addition, production fell due to high energy prices and problems with supply chains, especially in the summer months.

The Czech Automobile Association is confident that EU member states have agreed on a more realistic version of the Euro 7 emissions standard, which will keep in-demand models on the market, the association’s president said Martin Jan.

The largest Czech car manufacturer Skoda last year increased production by 24.8% to 865 thousand units, almost 90% of which were sold abroad. Skoda produced 109 thousand electric and hybrid vehicles, accounting for 12.6% of total production.

South Korea’s Hyundai increased its production by 5.6% to 340,500 units, with electric vehicles accounting for 21.2% of production. Japanese Toyota suffered from a shortage of spare parts in the summer, so its annual production amounted to 192,500 vehicles, which is about 10 thousand less than in 2022. Currently, the only Czech truck plant, Tatra, produced 1,432 vehicles, 85 more than in 2022, an increase of 6.3%.

2024-01-18 16:28:00
#car #production #Czech #Republic #increased #EADaily

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